{
  "generatedAt": "2026-10-22T01:47:05Z",
  "disclaimer": "Analysis and opinion, not investment advice.",
  "kind": "person",
  "slug": "kevin-gee",
  "name": "Kevin Gee",
  "role": null,
  "url": "https://deepstack.ltd/people/kevin-gee/",
  "api": "https://deepstack.ltd/api/v1/entities/people/kevin-gee.json",
  "summary": "Kevin Gee is named in 3 Parts of The Buildout, most recently Part 12: The Model Is Not the Price. Argued in Part 2 (Voices that cross sides), Part 4 (The return is not there), Part 12 (Open weights set the price).",
  "parts": [
    {
      "part": 2,
      "headline": "SpaceX Is Funding an AI Bet Before the Proof",
      "url": "https://deepstack.ltd/stories/spacex-after-the-ipo-exit-liquidity/"
    },
    {
      "part": 4,
      "headline": "AI Spending Has Met Its First Real Bill",
      "url": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/"
    },
    {
      "part": 12,
      "headline": "The Model Is Not the Price",
      "url": "https://deepstack.ltd/stories/the-model-is-not-the-price/"
    }
  ],
  "numbers": [],
  "mentions": [
    {
      "part": 2,
      "section": "The customer test",
      "excerpt": "And the demand exhibit is a signed contract rather than an inference: Kevin Gee documents Anthropic’s agreement to pay SpaceX $1.25 billion a month for compute through May 2029, roughly $45 billion in total.",
      "url": "https://deepstack.ltd/stories/spacex-after-the-ipo-exit-liquidity/"
    },
    {
      "part": 2,
      "section": "The customer test",
      "excerpt": "Kevin Gee’s wider question is the one the stock cannot answer with a slide: can the market absorb three trillion-dollar cash-burning IPOs in a single window, with OpenAI still to come?",
      "url": "https://deepstack.ltd/stories/spacex-after-the-ipo-exit-liquidity/"
    },
    {
      "part": 4,
      "section": "Arithmetic sets the test",
      "excerpt": "Kevin Gee’s A Letter a Day, relaying Oscar Hattink’s 2026 letter, puts the burden on the customer.",
      "url": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/"
    }
  ],
  "sides": [
    {
      "part": 2,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "Long AI in the long run, doubtful the market absorbs three $1T cash-burning IPOs at once.",
      "date": null,
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/spacex-after-the-ipo-exit-liquidity/",
      "sidesUrl": "https://deepstack.ltd/sides/spacex-after-the-ipo-exit-liquidity/"
    },
    {
      "part": 4,
      "question": null,
      "side": "return-not-there",
      "sideLabel": "The return is not there",
      "claim": "He argues the consensus revenue path is stretched, since the ~$863 billion of incremental annual AI revenue by 2030 would require roughly $100 per month of extra AI spending from every person in the US and EU including children, and equals 19.1x…",
      "date": "2026-08-04",
      "url": "https://aletteraday.substack.com/p/letter-339-oscar-hattink-2026",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/",
      "sidesUrl": "https://deepstack.ltd/sides/the-market-stops-paying-for-faith/"
    },
    {
      "part": 4,
      "question": null,
      "side": "return-not-there",
      "sideLabel": "The return is not there",
      "claim": "He argues the hyperscalers' AI capital spending may destroy shareholder value: consensus 2026E-'30E capex of about $3.5 trillion against ~$863 billion of incremental revenue at a 40% incremental margin and 20% tax rate implies roughly an 8%…",
      "date": "2026-08-04",
      "url": "https://aletteraday.substack.com/p/letter-339-oscar-hattink-2026",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/",
      "sidesUrl": "https://deepstack.ltd/sides/the-market-stops-paying-for-faith/"
    },
    {
      "part": 12,
      "question": null,
      "side": "open-weights-set-the-price",
      "sideLabel": "Open weights set the price",
      "claim": "China is releasing open frontier models not despite state involvement, but because an open frontier is how you seed an ecosystem, win the developer base, and move the world's default tech stack onto a Chinese one, motivated by technological…",
      "date": "2026-09-12",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/",
      "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/"
    }
  ],
  "coverage": null,
  "lastUpdated": "2026-10-22"
}